Medical Office Condo with Atrium
For Sale
$299,888
360-111 Deerwood Rd, San Ramon, CA 94583
Flexible suite layout includes a lobby, three offices, and kitchenette for medical or professional services.
Property Size671 SF
Price / SF$446.93
Days on Market177
Property Features for 360-111 Deerwood Rd
General Information
Standard status
Active
Size
671 SF
Elevators
Yes
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,844
Amenities
tenant conference center
common restrooms
garden atrium
Building Details
Buildings
1
Stories
3
Construction
mirrored glass
Parking Ratio
4 per 1,000 SF
Listing Agency:
eXp Realty of California Inc
(408) 464-6442
Listed By:
Khalid Mahmud · License #01812087
(408) 464-6442
Source:
Exprealty
Added: Mar 7
Changed: Aug 30
Last Checked: Aug 30 at 11:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty of California Inc
Investment Insights
Based on property information with market context.
Suite 360 is a 671-square-foot medical office condominium arranged with a reception lobby, three offices, and a kitchenette. The space is positioned within a three-story mirrored-glass office building and faces an interior garden atrium with a water fountain. Unfinished ceilings reach 11 feet, providing additional vertical volume.
Building amenities include a tenant conference center, ADA-compliant elevators, and shared restrooms on each floor. Ownership includes a fee-simple interest and non-exclusive parking rights allocated at 1 space per 250 SF. The property is less than 1 mile from I-680 and Crow Canyon Rd and is near San Ramon Regional Medical Center. The suite is suited to medical, therapy, and other professional service uses supported by the existing layout.
Building amenities include a tenant conference center, ADA-compliant elevators, and shared restrooms on each floor. Ownership includes a fee-simple interest and non-exclusive parking rights allocated at 1 space per 250 SF. The property is less than 1 mile from I-680 and Crow Canyon Rd and is near San Ramon Regional Medical Center. The suite is suited to medical, therapy, and other professional service uses supported by the existing layout.
Key Highlights
- 671‑square‑foot medical office condominium in Suite 360
- Lobby, three offices, and kitchenette within a flexible suite layout
- 11' unfinished ceilings and garden atrium outlook with water fountain
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,132
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$242,640
$242.6K
Cap Rate 7%
$173,314
$173.3K
Cap Rate 9%
$134,800
$134.8K
Market Conditions
NOI Build-Up for 671 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$19.7K $29.40/SF
− Vacancy
−$3.6K −$5.29/SF
EGI
$16.2K $24.11/SF
− OpEx
−$4.0K −$6.03/SF
NOI
$12.1K $18.08/SF
Area
Contra Costa County, CA
Vacancy
18.00%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$242,640
Cap Rate 7%
$173,314
Cap Rate 9%
$134,800
Alternative Uses
Best Use
Office B
$173.3K
$151.7K – $202.2K
NOI $12,132 @ 7.0% cap · market cap 4.05%
Second Best
Healthcare Medical
$142.1K
$124.3K – $165.8K
NOI $9,946 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$253.6K
$221.9K – $295.9K
NOI $17,755 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,811
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94583, CA
38,444
Population
14,208
Households
2.7
Avg Household Size
41
Median Age
64%
College-Educated
97%
High-School Grad
21.2 sq mi
ZIP Area
1,813
Density / Sq Mi
$184,033
Median Household Income
$97,697
Median Earnings
$2,973
Median Rent
$1,234,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Flexible suite layout includes a lobby, three offices, and kitchenette for medical or professional services.
Where is this medical office space located?
The property is located at 360-111 Deerwood Rd San Ramon, CA.
What is the asking price?
The asking price for this property is $299,888.
What are key features of this property?
This property features: 671‑square‑foot medical office condominium in Suite 360; Lobby, three offices, and kitchenette within a flexible suite layout; 11' unfinished ceilings and garden atrium outlook with water fountain
